The Richmond Region is a vibrant and growing community with nearly 1.3 million people, gaining 32 net new people daily. Our stable and diverse economy includes 7 Fortune 500 headquarters, ranking 2nd for the total number of firms compared to our peer cities. Our long-standing and affordable corporate tax rate of 6 percent hasn’t changed since 1972.

Distribution access is everywhere! Our natural location includes a world-class transportation system that incorporates four interstates, two international airports and one of the nation’s largest sea ports. It allows your company to access 45 percent of the U.S. population within one-day’s drive.

The region’s low cost of business includes electric rates that are 28 percent below the national average, with unionization and unemployment insurance among the lowest in the U.S.

RVA boasts a highly-educated and talented workforce, with over 60 percent of working adults having some college experience. Nearly 80,000 students attend post-high school classes in the region, with over 15,000 degrees conferred annually.

Recruiting your desired workforce is easier here, with internationally-renown culture and recreation. Your employees’ can stretch their dollar further in RVA with an affordable cost of living — nearly 4 percent lower than the national average.

We respect that your firm has specific needs and the Greater Richmond Partnership is here to help. Whether you’re a manufacturer that needs logistical access to the eastern seaboard, or if you’re a financial firm that seeks a pipeline of talent, the Richmond Region offers myriad cost-effective locations.

For site location projects, the Partnership is the single point of contact for the process. From the very start, the Partnership can assist your real estate search throughout our four localities, adding value to the search at no cost to your bottom line.

6% Corporate tax rate (which hasn’t changed since 1972)

7 Fortune 500 company headquarters located in RVA

41% of the labor force has a bachelors degree

Virginia state capitol
Vitamin Shoppe

Doing Business in Greater Richmond